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Finding true Supply/Demand on your chart

  • #101
  • Mar 2, 2016 9:16am Mar 2, 2016 9:16am
EURUSD from my trading plan reached a ZOI (Zone of Interest) @ 1.0839

Looking for a LONG trade

Confluences:
Previous monthly pivot, untouched before today
Extreme of a previous swing
Strong-ish demand
Fisher-Transform on Daily at oversold levels

Looking for:
Profile initiative activity, extension of initial balance to the upside before entering.
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  • #102
  • Mar 2, 2016 1:37pm Mar 2, 2016 1:37pm
Quoting doggette
EURUSD from my trading plan reached a ZOI (Zone of Interest) @ 1.0839 Looking for a LONG trade Confluences: Previous monthly pivot, untouched before today Extreme of a previous swing Strong-ish demand Fisher-Transform on Daily at oversold levels Looking for: Profile initiative activity, extension of initial balance to the upside before entering. {image}
Entered via a buy stop at 1.0847, stop below todays low.
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  • #103
  • Mar 2, 2016 1:39pm Mar 2, 2016 1:39pm
Quoting doggette
GBPUSD swing trade setup. Please note this is a Counter Trend setup based on market profile sentiment and Fisher Transform. Fisher-Transform at oversold levels on Daily. Possible return to around Value High. M15 weak demand that I can use as a bounce point. Limit order: LIMIT BUY @ 1.3948 STOPLOSS @ 1.3900 TARGET 1 @ 1.4068 TARGET 2 @ 1.4108 {image}
GBPUSD trade update: almost there
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  • #104
  • Mar 3, 2016 8:03am Mar 3, 2016 8:03am
Quoting doggette
{quote} Entered via a buy stop at 1.0847, stop below todays low. {image}
Got 3:1 out of EURUSD, closed position before US unemployment numbers. The number is slightly weaker than expected, but since the position was only just over 60 ticks in profit, there was no point risking it more, especially since I already got 3:1.
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  • #105
  • Mar 3, 2016 8:17am Mar 3, 2016 8:17am
Quoting doggette
{quote} GBPUSD trade update: almost there {image}
GBPUSD finally closed for 3:1 as well. Looking to see if US session brings a pullback, however this supply zone at 1.41, although strong, is in the middle of nowhere so not suitable for any swings. I shall be switching to my intraday mode to find a trade with a smallish stop that would enable the itnraday trade to reach 3-4x r/r during NY session.
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  • #106
  • Mar 3, 2016 8:21am Mar 3, 2016 8:21am
EURUSD trading idea for getting back in on the LONG swing:

New confluences for the day:
Value High at 1.0859
Which overlaps H4 conterminous line
Right above it is D1 conterminous line
This whole area makes up my Zone Of Interest (ZOI for short)

I shall be watching that whole area for rejections once initial balance has been established.
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  • #107
  • Mar 4, 2016 3:34pm Mar 4, 2016 3:34pm
First week of the month over, really good figures.

This is a medium risk account, using between 1% and 2% per position, depending on the strength of the setups.

Its a mix of quicker swings and intraday, like I usually do. Figured I should finally start tracking my performance in a more user-friendly way that's accessible to the wider public.

The link to the Market Stalkers myfxbook is in the first post of this thread. Although its a bit slow to update recently...
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  • #108
  • Mar 4, 2016 3:55pm Mar 4, 2016 3:55pm
Hi Doggette, you may or may not have heard of me in the supply demand world 4-5 years ago one of Sam Seidons most well known students. http://www.forexfactory.com/showthread.php?t=316631

Anyway I have sent you a PM you can have a look at soon, much appreciated.
  • #109
  • Mar 4, 2016 4:40pm Mar 4, 2016 4:40pm
Quoting deankenny21
Hi Doggette, you may or may not have heard of me in the supply demand world 4-5 years ago one of Sam Seidons most well known students. http://www.forexfactory.com/showthread.php?t=316631 Anyway I have sent you a PM you can have a look at soon, much appreciated.
Hi Dean, I sent you an email
  • #110
  • Mar 8, 2016 8:44am Mar 8, 2016 8:44am
USDCAD long setup is now upon us.
Confluences:
D1/W1 QLows
Monthly conterminous demand line
Bullish profile for Wall St today

I'm looking for a smash through 1.3375 first and then will try to go long on a pullback, should I get one.

No actual entry prices yet because its an intraday setup that I'm tryng to use for positioning in a quicker swing.

But should price test 1.3330 I'll be all over it like a tramp on a sandwich
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  • #111
  • Mar 9, 2016 12:34pm Mar 9, 2016 12:34pm
USDCAD again for a long via a day range fill. Intraday setup again... Only keeping this one until the end of Wall St tonight.
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  • #112
  • Mar 9, 2016 2:43pm Mar 9, 2016 2:43pm
Quoting doggette
USDCAD again for a long via a day range fill. Intraday setup again... Only keeping this one until the end of Wall St tonight. {image}
Closing at minus a few ticks, no institutions rebalancing tonight. Probably waiting for ECB tomorrow. Which means I will be trading only the New York session again.
  • #113
  • Mar 11, 2016 1:30pm Mar 11, 2016 1:30pm
It's Friday and I have some super-exciting news for all the people who have enquired about the availability of our online courses:

Market Stalkers Level 1 Video Course is now finally available from our website!

The course includes:

Supply/Demand Rules
Q Points
In-depth Trader Mindset and Psychology
Reading Trends
Four Phases of Price Movement
How to do Top Down Approach
Market Stalkers Swing entry routine
Behavioural Modification Techniques
Creating a Weekly Trading Plan
Risk Management

Over 5 hours of video lessons taught by me. Goal of LEVEL 1 is to introduce the trader to the first part of the systematic method of trading and to create a solid base for an organised trading mind as well as to give you a valuable insight into basic market structures that are frequently forgotten by the majority of training courses.

Head over there now and kick-start the next stage of your development:
http://www.marketstalkers.co.uk/onlinecourses

Level 2 and 3 coming up over the next 2-3 weeks!
  • #114
  • Mar 15, 2016 9:07am Mar 15, 2016 9:07am
So far I'm having a "get stopped by a tick" week.

But its entirely my fault for skimping on stop sizes.

The trading plan is still working only without me on most of it...
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  • #115
  • Mar 16, 2016 5:02am Mar 16, 2016 5:02am
Trade idea: AUDUSD Long

Trend on medium timeframes: UP

Confluences:
Daily conterminous line
H4 QLo
Initial Balance extension upside

ENTRY: at market 0.7463
STOP : 0.7435
Target 1: 0.7546
Target 2: 0.7474

Because the trend is up and the larger timeframe conterminous line is at 0.7640, a pullback into the nearest demand should give a bounce, because in true uptrends demands will be reactive.

Extension upside on todays profile gives some confidence that institutions are also looking at this area as a long.

Risk events: Today is FOMC (6pm London time) so all positions need to be closed prior to that. My regular take profit time is after Wall Street initial balance and today will be no exception. Any positions that I have remaining will be taken off before FOMC.

Below is a daily chart next to H4 chart.
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  • #116
  • Mar 16, 2016 5:13am Mar 16, 2016 5:13am
EURJPY trading idea Short.

Trend on medium timeframes: UP
Confluences:
Rejection of Daily QHi

Looking for: extension of London initial balance to the downside.

I have placed a
sell stop at 125.70 which will become my entry for a momentum trade.
My supposed stoploss should this trade make a move is at 125.20
Target is a modest 2.7x r/r at 124.45 because this is a countertrend trade that doesn't quite have all the conditions satisfied.
Entry needs to happen before London noon as this is an intraday setup. Therefore there is an expiration time on the pending order.

I am using half my normal position size because I usually want ADR exhausted before going in on a CounterTrend this close to Weekly QLo.
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  • #117
  • Mar 16, 2016 6:29am Mar 16, 2016 6:29am
Dee your stop loss does not seem to be right
  • #118
  • Mar 16, 2016 7:21am Mar 16, 2016 7:21am
Quoting doggette
EURJPY trading idea Short. Trend on medium timeframes: UP Confluences: Rejection of Daily QHi Looking for: extension of London initial balance to the downside. I have placed a sell stop at 125.70 which will become my entry for a momentum trade. My supposed stoploss should this trade make a move is at 125.20 Target is a modest 2.7x r/r at 124.45 because this is a countertrend trade that doesn't quite have all the conditions satisfied. Entry needs to happen before London noon as this is an intraday setup. Therefore there is an expiration time on the...
EURJPY order expired
  • #119
  • Mar 16, 2016 7:23am Mar 16, 2016 7:23am
Quoting don555
Dee your stop loss does not seem to be right
On which trade? audusd or eurjpy?
  • #120
  • Mar 16, 2016 7:32am Mar 16, 2016 7:32am
Quoting don555
Dee your stop loss does not seem to be right
Eurjpy is now no longer valid, time of day for trading the London session is gone.

I am done with trading until tomorrow, post FOMC.
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